Intercompany eliminations are crucial for consolidations because they ensure that internal transactions between related entities do not distort the true financial picture of the consolidated group. However, processing these can be time consuming. Not any more!
We've supercharged our consolidation eliminations to give you unprecedented visibility and control! Now, you can check if your eliminations balance and understand their impact on your consolidations faster than ever before.
What’s new?
Say hello to our updated side bar! We've introduced three essential sections under Eliminations: Create, Balance Check, and Impact. Here's a quick look at what each section offers:
Create: This is where the magic happens! You can effortlessly create both account and transaction eliminations. Plus, in the Transactions sub-section, you'll see the actual amounts, making it easy to review and verify your transaction eliminations at a glance.
Balance Check: No more guesswork! This section provides a clear, visual representation of any differences in your Account eliminations, helping you ensure everything is perfectly balanced.
Impact: Want to see the big picture? The Impact section features the Review table for Account eliminations, giving you a consolidated view to fully review and understand the effect of your eliminations on your overall accounts.
Closing thoughts
These updates are designed to simplify your consolidation process, giving you more confidence and control over your intercompany eliminations. Ready to give them a try?